Treasury Today Country Profiles in association with Citi

MMFs face some harsh realities

When the ECB cut its main rates by a quarter of a percentage point to below 1% last Thursday, the central bank also lowered the deposit rate from 0.25% to zero, resulting in a significant reduction in yields in the European money markets. Fund providers who monitor these markets daily make – sometimes severe – decisions based upon what they deem best for their shareholders.

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